19 of October 2014
Getting the deal through - Merger control 2014
Written by: Jorge A. de los Ríos Quiñones
The relevant legislation is set forth primarily in Law 1340 issued on 24 July 2009 (Law 1340), which modified Law 155 of 1959. Also, Resolution No. 12193 of 2013 issued by the Superintendency of Industry and Commerce (SIC), states the set of rules applicable for antitrust clearance proceedings.
In Colombia, the SIC has been the National Antitrust Authority since Law 1340 came into effect; this entity has exclusive competence regarding the review and antitrust clearance of mergers, acquisitions and other types of business integrations…